GBPUSD Daily Forecast: May 17

GBPUSD Forecast The GBPUSD had a bullish momentum earlier today in Asian session after another failure to make a clear break below 1.3480 key support, hit 1.3569. The bias is bullish in nearest term testing 1.3600 but as long as stay below 1.3710 I still prefer a bearish scenario and any upside pullback should be seen as a good opportunity to sell. On the downside, a clear break and daily close below 1.3480 would expose 1.3330 region.

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About The Forex Analyst

William K. Gilday is a professional Forex expert working full time for FX Instructor educational portal. William is a Forex Trader from 2006 when he started trading part-time. In 2008 he retired from a fantastic 27 year career in Fire Rescue and moved to Thailand, where he fully dedicated himself to trading. He is an analyst at FXinstructor.com

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About The Analyst

William K. Gilday is a professional Forex expert working full time for FX Instructor educational portal. William is a Forex Trader from 2006 when he started trading part-time. In 2008 he retired from a fantastic 27 year career in Fire Rescue and moved to Thailand, where he fully dedicated himself to trading. He is an analyst at FXinstructor.com

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